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2.) Problem - Working Capital Data for Sabanc Holding can be found in the table below. The income statement items correspond to revenues or costs
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Problem - Working Capital Data for Sabanc Holding can be found in the table below. The income statement items correspond to revenues or costs during the year ending in either 2018 or 2019. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items relate to revenues or expenses during the year ending in either 2018 or 2019. Every figure is in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable tiet fixed assets Longtere debt Notes payable Dividends paid Cash and marketable Securities 2018 $4,500 1,400 580 320 570 220 520 310 440 4,100 1,600 849 340 860 2019 $4,600 1,500 600 375 620 220 540 340 470 5,000 2,050 570 340 470 Taxes are paid in full in the year in which the tax liability arises. Net foed assets are fixed assets net of accumulated depreciation since the asset was installed. What happened to networking capital during the course of the year? on thousands of dollars, enter your response.) Networking by Step by Step Solution
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